The FTSE 100 was an exemplary reflection of the weather in London on Tuesday as the index dipped in soggy, uninspiring trade.
The index started the session higher, but the minor gains quickly turned to minor losses as utility companies, housebuilders, and miners weighed on performance.
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The FTSE 100 was down 0.35% at the time of writing.
There was a noticeable bid in GBP/USD on Tuesday, which added to the downside in the FTSE 100 as major overseas earners HSBC, AstraZeneca, and Diageo slipped.
Investors will also have one eye on a series of global economic data due for release later this week in the form of US PCE, Chinese Manufacturing PMIs, and several Federal Reserve speakers.
“Later this week a second estimate of US GDP for the first quarter, the core PCE reading of inflation which the Federal Reserve likes to pore over when making decisions on rates, and Chinese manufacturing…
